Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 3/12/2014

Uganda - Tax collection shortfall potentially linked to corporation taxes 

March 12: The Uganda Revenue Authority announced that the half-year revenue performance (i.e., tax collection) for the financial year 2013 / 2014 registered the largest ever deficit of USh 246.93 billion (approximately U.S. $99 million).

The revenue collection shortfall is considered to be, in part, a result of the tax collection methodology of the tax administration, and the shortfall could make it difficult for the Uganda government to implement the national budget.


It has been reported that a “root cause” of the tax collection shortfall appears to be related to corporation taxes, rather than what has been described as “perennially deficit international taxes.”


Read a March 2014 blog posting on KPMG’s Africa Blog.




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